Here’s what Bastl has to say about Thyme:
Thyme is sequencable effects processor called Thyme. It gives deep and hands-on access to basic sound processing elements which let you create most of the effects from the classic multi-effect range, but also explore the whole territory in between of those. You can store all the sound settings on quickly accessible preset button which you can sequence with the built-in sequencer. On top of this there is sophisticated LFO and knob automation. You can also interface with MIDI, CV, analog clock and with a foot switch connector. Thyme is still in the prototype phase and full specs, pricing and availability will be announced earliest in autumn.
See the Bastl site for details.